International Container Terminal Services Inc. (ICTSI) reported that its business unit at the Port of Gdynia in Poland, Baltic Container Terminal (BCT), has re-established its direct link to Chinese and Korean ports. The firm said this comes with BCT receiving the first direct call of Mediterranean...
While the local stock market has been on a steady decline - down to its lowest level in nine months -- analysts do not see much relief as investor sentiment has turned bearish due to a confluence of negative factors. “The local market closed last week at 6,290.27, its lowest close since November...
International Container Terminal Services Inc. (ICTSI) plans to invest $343 million more in its Victoria International Container Terminal (VICT), Australia’s biggest port, to accommodate larger ships. The investment is on top of the $481 million which ICTSI already invested in Victoria, Australia...
Association of International Shipping Lines (AISL), the country’s largest group of shipping lines and operators, said other countries such as Malaysia, Indonesia, China, Thailand, Cambodia, Sri Lanka, among others requires container deposit. AISL President Patrick Ronas pointed this out in a...
Business groups estimated of at least P35 billion in direct financial cost once the Philippine Ports Authority (PPA) implements Administrative Order 04–2021, a new system that seeks to provide technology infrastructure, including container tracking program. During a press conference, 17...
International Container Terminal Services Inc. (ICTSI) and Poland's Port Authority of Gdynia SA for the Baltic Container Terminal (BCT) signed a new 30-year lease until 2053. ICTSI, which owns 100 percent of BCT, was declared preferred bidder under the new lease. ICTSI has been active in the Port...
International Container Terminal Services, Inc. (ICTSI) recently delivered a pair of new ship-to-shore (STS) cranes, the largest port equipment in Papua New Guinea (PNG), to the country's leading container terminal. ICTSI's unit, South Pacific International Container Terminal (SPICT) at PNG's Port...
The Port of Davao of the Bureau of Customs (BOC) has launched a United Nations-based program that seeks to address smuggling, particularly of illegal drugs. BOC Commissioner Yogi Filemon Ruiz said new Port Control Office, launched from Nov. 23-25 by the Port of Davao headed by District Collector...
Mindanao Container Terminal (MCT), International Container Terminal Services Inc.’s (ICTSI) business unit in Misamis Oriental, has acquired a mobile harbor crane (MHC) to enhance capacity and boost productivity. The MHC will augment the terminal’s existing quay cranes to enhance overall vessel...
Davao Integrated Port and Stevedoring Services Corporation (DIPSSCOR), a subsidiary of International Container Terminal Services, Inc. (ICTSI), is wrapping up its operations at Davao City’s Sasa Wharf to give way to a new operator. In a disclosure to the Philippine Stock Exchange, ICTSI said it...
Six Philippine firms were included in the list of honored companies in Asia in Institutional Investor’s 2022 Asia (ex-Japan) Executive Team Survey. Based on the poll results published in the Institutional Investor website, the six local firms in the list are D&L Industries Inc., Century...
Batumi International Container Terminal (BICT), International Container Terminal Services, Inc.’s (ICTSI) business unit in Georgia, recently welcomed ADY Container LLC’s newly launched multimodal feeder service. The rail-sea service connects Asia to Europe via the Trans-Caspian International...
